Special Weather Products: ACE Spectra

The Challenge
A large corporation faces a high deductible with its windstorm insurance policy for a location along the Southeast Coast.

The Solution
The corporation can purchase ACE Spectra to lower its windstorm deductible. In this case ACE Spectra will help pay the windstorm insurance deductible for wind damage to the property caused by named storms.

Features*

• Suitable for managing high per occurrence windstorm deductibles
• Suitable for managing multiple windstorm occurrences with in single season.
• Simplified policy language narrowed down to windstorm only: Similar to ISO’s Commercial Property CP 00 10 and, Business Income (Without Extra Expense) CP 00 32.
• Policy Limits – Up to $2,000,000 per location.
• Minimum Deductible – $100,000 per location.
• Minimum Premium – $25,000 per occurrence/location.
• Submission requirements.
  • ACE Application.
  • BI income worksheet, if applicable.

*subject to policy terms and conditions.